A Dallas real estate development and investment company has broken ground on a new luxury apartment community in Celina. HighPark Capital has begun work on The Depot, a 336-unit complex.The first residents are expected to move in around late 2025, and construction is expected to be complete in early 2026.The complex will be entirely market-rate, and the rents will be set during the pre-leasing phase. Pre-leasing is expected to begin in mid-2025, Patrick McGee, director of HighPark Capital, said.
The site is also adjacent to the recently-announced Ousley Park – a 30-acre linear park and trail system connecting The Depot to downtown and the Celina Entertainment District. Construction of Ousley Park is expected to begin in 2025.had a 26.6% population increase in the 12 months between July 2022 and July 2023. Its growth rate was more than 53 times higher than the nation’s growth rate of 0.5%.